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Top Thailand Property News Of The Week - 27 July 2020

July 31, 2020
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The top residential and commercial real estate news of the week - 27 July 2020

CBRE’s weekly property news snapshot features the latest residential and commercial real estate stories in Thailand and elsewhere that you cannot afford to miss - be it regarding residential, industrial, retail, office, hotel, land, or investment property.

Virus impact easing for business BOT survey
The Nation
Businesses are enjoying some relief from the impact of Covid-19, the Bank of Thailand said on Thursday (July 30), citing progress in economic reopening.

Securities firms see 50% hit to Q2 retail profits
Bangkok Post
As a result of Thailand's nationwide lockdown in the second quarter in response to the pandemic, securities houses expect net profit in the retail sector to decrease by 50% year-on-year.

Phuket yacht marina plan gets first public hearing
Bangkok Post
Phuket: The first public hearing on a project to build a sport yacht marina which is being positioned as one of the new economic drivers of the province was held on Thursday.

Modern trade index craters
Bangkok Post
Modern trade sentiment fell to the lowest level in two years in the second quarter, as business operators fretted over the impact of the pandemic.

Apple Central World all set for grand opening tomorrow
The Nation
After the success of the first official Apple Store in Thailand at Iconsiam, which opened in November 2018, the tech giant is now set to open a second, larger store at Central World in Bangkok’s Pathumwan district.

Interprovincial bus company enters property business to boost income
The Nation
State-run Transport Company is branching into the property business to make up for the drop in revenue caused by the setting up of a reserve fund for employees wishing to retire early.

Cabinet exodus shakes faith in EEC
Bangkok Post
The recent resignations of economic tsar Somkid Jatusripitak, the former deputy prime minister, and four economic ministers including former Finance Minister Uttama Savanayana...

Hotels drop sales prices as crisis bites
Bangkok Post
The ongoing tourism slowdown has led several hotels to reduce the price tag on their property by more than usual, says Destination Capital, part of Destination Group.

Phuket learns the hard way
Bangkok Post
Phuket has been forced to take on board a difficult lesson: that it shouldn't have clung to tourism as its single, dominant cash cow.

Thailand-Japan industrial bubble eyed
The Nation
In a recent discussion, the Department of Industrial Promotion (DIP) and the Organisation for Small and Medium Enterprises and Regional Innovation, Japan (SME Support Japan) decided to match Thai and Japanese businesses to create an industrial bubble.

Strong bookings revive hotels
Bangkok Post
Heavy bookings at hotels and resorts have reignited hopes of a speedy revival of tourism deeply bruised for months by the Covid-19 outbreak.

Dim long weekend ahead
Bangkok Post
Domestic travel during the four-day weekend is expected to be less lively, with average hotel occupancy running at just 24%, due to plentiful holidays in July.

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